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Endorsement Split Dollar

Endorsement split dollar plans are designed to provide valuable key person death benefits to a business and personal death benefit protection to a key employee's family.

A life insurance policy is purchased and the premium payments and policy benefits are divided between two parties - usually a business and an employee. 

Split dollar is a method of buying life insurance, so a need for life insurance should always exist before a split dollar arrangement is implemented. 

This content is designed for use by financial professionals. Consumers may learn more about products and services on principal.com.
 

Important Information

The subject matter in this communication is provided with the understanding that Principal® is not rendering legal, accounting, or tax advice. Your client should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.

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